Medicare Advantage Plans is offered by private insurance companies, usually those with a good name and a name you recognize. In most cases these are the same companies that your private plan company will use.
What should you know about these plans? Here is what I have found:
You may end up being able to see the same physician as someone in the group plan who chose their own doctor. This sounds great, but it’s also a major disadvantage to Medicare Advantage Plans.
If you’re not happy with your current doctor then Medicare Advantage Plans is not for you. Your personal doctor will be notified, but unless you ask, you won’t know who it is. Many times, your personal doctor may choose not to accept Medicare.
There are rules and regulations that must be followed when signing up for this plan. If you’re not sure about these rules, ask your primary care physician or your private health insurance provider about it. They’ll be glad to help you understand them.
Plan companies do not allow you to change your doctor without penalty. Most often you have to pay a $50 copayment when you’re seen outside of your plan.
Did you know that 90% of the time that people are quoted for medical bills, it’s the policy holder that is billed? The patient doesn’t pay anything at all. That makes sense because the policy holder is in the same boat as everyone else.
In addition, you can’t choose your doctors if you’re on these plans. These plans are not intended to keep a list of doctors you want to see.
You can join a group plan and pay for it out of your pocket and you can keep it if you’re no longer employed by a family member. Your insurance company will cover any cost associated with your choice of physicians.
For every plan that you choose, always make sure to research all of the options before making a decision as to which one is the best possible plan for you. It is a lot easier to join a group plan than it is to find one that fits your needs.
Every multi-tiered plans has the benefit of many different plans under one umbrella. No matter which coverage plan you choose, you should be able to find one that suits your needs.
Medicare Advantage Plans will keep you happy and healthy, but in the end they are not a good idea for everyone. You have to weigh the pros and cons of Medicare Advantage plans before you decide on which one is right for you.